ZRX/USD Main trend. Channel. Fractal.

SpartaBTC Updated   
Logarithm. Time frame 1 month. Main trend. Idea for long-term trend orientation on a large timeframe.

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets in the Ethereum blockchain without relying on centralized intermediaries such as traditional cryptocurrency exchanges.

The price has fallen by -93% from the high of pumping. Pump/dump channel. Possible fractal recurrence based on the logic of the previous secondary trend. The potential is quite significant.

Suitable for position trading. Rational to work from the average buy/sell price. The price is approaching the zone of previous lows, but the slippage can be by a significant percentage at the moment of “fear peak”.

Trading volume. Holder Addresses.
Pay attention to the minimum trading volume of the last year (this whole downtrend) compared to the past cycles. To understand why it is so, trace the main mass of large and medium addresses of this coin. Activity, time of creation.

This is what it looks like on a line chart if the “market noise” is removed.

Secondary trend. Downward wedge.

✅ Telegram. Finance + Trading:
✅ Telegram. Сrypto trading only:
✅ Instagram:
✅ YouTube (Rus):

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.